3 key metrics show DeFi’s TVL on the verge of a new ATH By Cointelegraph

As 2022 gets underway, the decentralized finance (DeFi) sector of the cryptocurrency ecosystem appears to be gaining momentum in what could be an echo of the bullish market seen in seen in early 2021.

Data from crypto market intelligence firm Messari shows that over the past 30 days, five out of the top 10 DeFi protocols have seen their tokens post double-digit gains. This is in spite of the struggles that has faced, a dynamic that usually places bearish pressure on the wider crypto market.

Top 10 DeFi assets. Source: Messari
Total DeFi users over time. Source: Dune Analytics
Monthly DEX volume by project. Source: Dune Analytics
Total value locked in DeFi. Source: Defi Llama